The TradeTech Daily 2009 Issue 3

The TradeTech Daily 2009 Issue 3

In this issue:

Dark pools at odds with price discoveryTaking liquidity away from the public order book threatens the buy-side’s ability to discover prices, say top investment managers

MiFID remains a work in progressThe benefits of MiFID and electronic trading were under scrutiny during Wednesday’s interactive voting panel discussion

Back to growth in 2011The rapid policy response to the economic crisis bodes well for a resumption of growth

Greed is not goodWhile banks are culpable for the financial crisis, having rewarded greed to the detriment of good governance, observed Michael Portillo, guest speaker at TradeTech 2009, political greed meant that the desire to be re-elected clouded the judgement of governments that stood back and allowed unfettered capitalism to flourish

Tough time for traders despite green shoots of recoveryThe opening speakers at TradeTech 2009 delivered a sober assessment of the state of the equity markets and the likely progress towards a more sustainable commercial future for conference delegates

Upturn will reveal full value of MTFsAs the financial industry begins to drag itself out of the mire, the value of alternative venues will become clear, says Artur Fischer, joint-CEO, Equiduct Trading and a panelist on today’s session exploring the future of Europe’s trading platforms

Alpha traders really are differentWhile hedge fund managers share common concerns with traditional asset managers over issues such as latency, resilience and market access, their expectations of service set them apart

No template for the ideal deskEffective technology is a sine qua non for a successful trading desk, but there is no perfect solution

SOR winners on the European stageHas smart order routing made a successful transition to Europe?

Co-location is no guarantee of faster tradingTraders should not assume that simply adopting a particular solution will automatically improve the speed of execution